Aviva, a UK-based multinational insurance company, has agreed to divest its Polish business – Aviva Poland to German insurance company Allianz for €2.5 billion in an all-cash deal. The British insurer said that it will now concentrate on its strongest businesses in the UK, Ireland, and Canada where it claims to have top positions in […]
British sportswear retailer JD Sports Fashion has signed a conditional agreement for acquiring a 60% stake in Marketing Investment Group (MIG) for an undisclosed price. Marketing Investment Group, which is headquartered in Krakow, Poland, sells a range of sports fashion footwear, apparel, and accessories. The brands it mainly sells are under the Sizeer and 50 […]
Danish energy giant Ørsted has entered into a significant partnership with Poland’s leading energy sector company, PGE Polska Grupa Energetyczna S.A. (PGE), to co-develop, construct, and operate two substantial offshore wind projects in the Baltic Sea. The joint venture aims to harness a total potential capacity of up to 2.5 GW from these initiatives. Ørsted […]
Dutch insurance group Aegon has agreed to sell its insurance, pension, and asset management business in Hungary, Romania, Poland, and Turkey for €830 million to Vienna Insurance Group Wiener Versicherung Gruppe (VIG). The sale of the Central and Eastern European businesses will simplify the footprint of Aegon, while consolidating its balance sheet. Lard Friese – […]
Japan-based Takeda Pharmaceutical has agreed to sell a portfolio of 110 non-core over-the-counter (OTC) and prescription pharmaceutical products it sells in Europe along with a couple of manufacturing plants in Denmark and Poland to Orifarm Group for up to $670 million. As per the terms of the deal, Orifarm will pay nearly $505 million to […]
The European Investment Bank (EIB) has granted a €480 million loan to LG Chem Wroclaw Energy to develop a battery manufacturing facility in Poland. LG Chem Wroclaw Energy is the Polish subsidiary of South Korean chemical company LG Chem Group. According to the EIB, the funds will be used for constructing and operating highly automated […]
French insurance giant AXA has signed a deal to divest its Poland, Czech Republic, and Slovakia businesses to UNIQA Insurance Group, an Austrian insurance company, as per the latest insurance acquisition news. As per the deal terms, AXA will offload 100% of its life and savings, property and casualty and pension businesses in Central and […]
Food acquisition news : Polish meat company Sokolow Group, a subsidiary of Danish Crown will acquire its rival Gzella Meat Group for an undisclosed price. Also based in Poland, Gzella Meat is one of the top meat producers in the northern region of the country. According to Danish Crown, Sokolow acquisition of Gzella Meat will […]
Confectionery industry news : Sweden-based confectionery manufacturer Cloetta has revealed its intentions to exit its Candyking business in Poland after finding it to be unprofitable. Candyking is a Swedish company that manufactures and markets pick and mix confectionery products across Sweden, Finland, the United Kingdom, Norway, Estonia, Latvia, Lithuania, Poland, Denmark, and Ireland. Last year, […]
Retail acquisition news : Lithuanian retail chain Maxima Grupe has offered to acquire 100% of Emperia Holding, the controlling stakeholder and operator of Polish retail chain Stokrotka for nearly PLN1.19 billion (€283 million). The parties have signed an investment agreement and will see Maxima submit a tender for the proposed acquisition. Stokrotka operates 410 stores […]